# FSA Investment Group, LLC

> FSA Investment Group, LLC is an SEC-registered investment advisory firm in Pensacola, FL, registered since 2012, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated May 27, 2026.

- CRD: 163641
- Filed as: FSA INVESTMENT GROUP, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Pensacola, FL
- Filing period: October 2026
- Form ADV filing dated: May 27, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/163641
- AdvisorCensus page: https://advisorcensus.com/firm/fsa-investment-group-llc-pensacola-fl-163641

## Quick answers

**How is FSA Investment Group, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), FSA Investment Group, LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees).

**Where is FSA Investment Group, LLC located?**
FSA Investment Group, LLC's principal office is in Pensacola, FL, according to its Form ADV; the June 2026 filing also lists 3 other offices (Schedule D, Section 1.F).

**Is FSA Investment Group, LLC registered with the SEC or a state?**
FSA Investment Group, LLC is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 163641.

**How much does FSA Investment Group, LLC manage?**
FSA Investment Group, LLC reports $761,794,942 in regulatory assets under management in its Form ADV filing dated May 27, 2026 (97% discretionary).

**How have FSA Investment Group, LLC's assets and staff changed since 2021?**
In the Form ADV data for FSA Investment Group, LLC: Regulatory assets under management: $450,278,275 in the October 2021 data and $761,794,942 in the October 2026 data, up 69%. Total employees: 16 in October 2021 and 12 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does FSA Investment Group, LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (23); high net worth individuals (18); other (15).

**Which custodians does FSA Investment Group, LLC use?**
FSA Investment Group, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets.

**Does FSA Investment Group, LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/163641

**What changed in FSA Investment Group, LLC's recent Form ADV filings?**
In the June 2026 filing data: Employees performing advisory functions went from 13 to 12.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $761,794,942
- Discretionary: $736,382,947
- Non-discretionary: $25,411,995

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 23 | $10,324,677 |
| High net worth individuals | 18 | $80,424,547 |
| Charitable organizations | 1 | $116,135 |
| Corporations or other businesses not listed above | 4 | $25,411,995 |
| Other | 15 | $645,517,588 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Pension consulting services
- Selection of other advisers (including private fund managers)
- Educational seminars/workshops
- Other

### Firm details
- Registered since: 2012 (14 years)
- Employees: 12 total, 12 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AL, AZ, CA, FL, GA, LA, MT, NV, WA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the June 2026 filing
- Atmore, AL
- San Diego, CA
- Seattle, WA

### Websites listed on Form ADV (Item 1.I)
- fsa-ig.com
- Facebook @FSAInvestmentGroup
- LinkedIn @fsa-investment-group

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $450,278,275 | 16 | August 19, 2021 |
| October 2022 | $673,141,508 | 8 | August 22, 2022 |
| October 2023 | $508,545,847 | 9 | July 24, 2023 |
| October 2024 | $598,241,707 | 9 | September 9, 2024 |
| October 2025 | $709,511,444 | 14 | July 11, 2025 |
| October 2026 | $761,794,942 | 12 | May 27, 2026 |

Regulatory assets under management: $450,278,275 in the October 2021 data and $761,794,942 in the October 2026 data, up 69%.
Total employees: 16 in October 2021 and 12 in October 2026.

## Changes in the filing (last 12 months)

### June 2026
- Employees performing advisory functions went from 13 to 12.

### April 2026
- No longer lists an office in Santa Ana, CA.
- Updated its list of owners and control persons (Schedule A).

### February 2026
- Employees performing advisory functions went from 14 to 13.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. FSA Investment Group, LLC (CRD 163641): Form ADV filing data as of October 2026.